# Versabar, Incorporated 401(k) Plan
Source: https://planprovider.pro/companies/versabar-incorporated-401k-plan

> Versabar, Incorporated's 401(k) plan: 317 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Versabar, Incorporated

- **Sponsor EIN:** 720926021

- **Sponsor Address:** 11349 FM 529, HOUSTON, TX, 77041

- **Plan Type:** 401(k)

- **Total Participants:** 317

- **Total Assets:** $53.9M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** Yes

- **ERISA Section 404(c) Fiduciary Safe Harbor:** Yes

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|317|$53.9M|$774,036|$1.6M|

| 2023|288|$47.1M|$767,764|$1.6M|

| 2022|273|$41.1M|$774,796|$1.6M|

## Service Providers (Schedule C)

Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).

| Provider Name|
Role|
Direct Compensation|
Indirect Compensation|
Total Fees|

| BOURGEOIS BENNETT|Auditor|$7,023|—|$7,023|

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $7,023

- **Estimated Expense Ratio:** 0.013% of plan assets

### Historical Administrative Expenses

Breakdown of administrative expense categories reported on Form 5500 filings.

| Year|
Total Admin Expenses|
Investment Mgmt Fees|
Contract Admin Fees|
IQPA Audit Fees|
Professional Fees|

| 2024|$90,547|$90,363|—|$7,023|—|

| 2023|$85,503|$85,277|—|$7,117|—|

| 2022|$96,316|—|—|—|—|

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